You’ve applied for an IPO, you’re anxiously waiting, and now you’re frantically googling “BigShare IPO allotment status” at 2 AM. Sound familiar? You’re not alone, and honestly, the whole process is more straightforward than the financial media makes it seem.
Here’s the thing nobody tells you upfront: BigShare Services isn’t just another registrar—they’re actually the biggest player in the IPO game right now. Prime Database, the industry bible, in their latest announcement of industry rankings, named Bigshare as No.1 Registrar by number of IPO assignments in 2023-24. That means if you’ve applied for an IPO recently, there’s a good chance BigShare is handling your allotment.
What Exactly Is BigShare (And Why Should You Care)?
BigShare Services Private Limited is what’s called a Registrar and Transfer Agent (RTA). Think of them as the middleman between you and the company going public. When you apply for an IPO, your application doesn’t go directly to the company—it goes through registrars like BigShare, who handle all the paperwork, allotments, and status updates.
The reason this matters is simple: different companies use different registrars. Some use KFintech, others use Link Intime, and many use BigShare. Knowing which registrar is handling your IPO is crucial because that’s where you’ll check your allotment status.
The Real Timeline: When Your Allotment Actually Gets Decided
Here’s where most articles get it wrong. They’ll tell you that allotments happen “within a week” or give you some vague timeline. The reality? As per the latest SEBI rules for the large-cap IPOs, the IPO allotment process will be done on the next day of IPO closing.
Let me break this down:
- T+0: IPO closes
- T+1: Allotment process begins (for large-cap IPOs)
- T+1 to T+3: Allotment results are typically available online
- T+6: Shares credited to demat accounts (if allotted)
For smaller IPOs, the process might take up to a week, but for major public offerings, you’re usually looking at 24-48 hours after closing.
How to Check Your BigShare IPO Allotment Status (The Right Way)
Most people make this way too complicated. There are exactly three ways to check your status, and I’ll rank them by reliability:
Method 1: Direct BigShare Website (Most Reliable)
Go to the official BigShare IPO status page. You’ll need either your application number or your PAN card details. The interface is basic—don’t expect bells and whistles—but it’s the most accurate source.
Method 2: BSE/NSE Official Portals
Both exchanges maintain their own status checking systems. These are reliable but sometimes slower to update than the registrar’s own website.
Method 3: Your Broker’s Platform
Most brokers now show IPO status in their apps. Convenient, but sometimes there’s a delay in updates.
Pro tip: Don’t rely on just one source. Cross-check using at least two methods, especially for high-demand IPOs where servers might be overwhelmed.
The Allotment Mathematics Nobody Explains Properly
Here’s the part that trips up most retail investors. IPO allotment isn’t first-come, first-served. It’s a lottery system with specific rules:
For Retail Investors (applications up to ₹2 lakhs):
- Minimum guaranteed allotment: 1 lot per successful applicant
- If oversubscribed: lottery system kicks in
- Multiple applications from same PAN: All applications get cancelled
For HNI Category (₹2 lakhs to ₹10 crores):
- Proportionate allotment based on subscription levels
- Higher investment doesn’t guarantee allotment
For Institutional Investors:
- Different rules, typically book-building process
The key insight? Applying for multiple lots as a retail investor doesn’t increase your chances. You’re better off applying for exactly one lot and hoping for the best.
Red Flags: When Your Application Might Be Rejected
Most rejection articles focus on technical errors, but let me tell you what really gets applications thrown out:
The Obvious Ones:
- Insufficient funds in bank account
- Incorrect bank details
- Multiple applications from same PAN
The Sneaky Ones:
- Bank account name doesn’t match demat account name exactly
- Using a joint demat account but applying individually
- Technical glitches during UPI mandate processing
The “Nobody Told Me This” Ones:
- Your demat account is frozen or has KYC issues
- You’ve exceeded the retail investment limit by mistake
- Your UPI app timed out, but you think the payment went through
What Happens After Allotment (The Part Everyone Forgets)
Getting an allotment is just step one. Here’s what actually happens next:
If You’re Allotted:
- Shares get credited to your demat account within 6 working days
- Refund for unallotted applications processed simultaneously
- You can check your demat account statement for confirmation
If You’re Not Allotted:
- Full refund processed within 10 working days
- Amount typically appears in your bank account within 3-5 days
- No partial allotments for retail category (it’s all or nothing)
The BigShare Advantage (And Why It Matters to You)
Here’s something most investors don’t realize: the registrar can actually affect your experience. BigShare has been consistently rated as the top IPO registrar for good reasons:
Speed: Their systems typically update faster than competitors Reliability: Less downtime during high-traffic periods User Experience: While basic, their interface is straightforward and functional
This matters because during hot IPO allotments, some registrar websites crash under load. BigShare’s infrastructure seems more robust.
Common Myths Debunked
Myth 1: “Applying on the first day increases your chances” Reality: Timing of application makes zero difference in the lottery system.
Myth 2: “Higher UPI limits improve allotment odds” Reality: Payment method doesn’t affect allotment probability.
Myth 3: “Multiple demat accounts = multiple chances” Reality: This violates SEBI rules and will get all your applications cancelled.
Myth 4: “Broker recommendations guarantee allotment” Reality: Brokers have no influence on the allotment process.
Practical Tips That Actually Work
Before Applying:
- Verify your demat account is active and KYC-compliant
- Ensure sufficient balance plus buffer for charges
- Double-check bank account details match demat records
During Application:
- Apply for exactly one lot in retail category
- Complete the process in one session (don’t abandon halfway)
- Save your application number immediately
After Application:
- Don’t panic-apply again if you’re unsure about status
- Wait for official allotment announcement before checking
- Check multiple sources for confirmation
When Things Go Wrong: Your Recovery Options
Application Shows as Rejected:
- Contact your broker immediately with application details
- File complaint on SEBI SCORES portal if broker doesn’t help
- Keep all payment and application screenshots as evidence
Payment Deducted But No Application Record:
- Check with your UPI app for transaction ID
- Contact both broker and registrar with payment proof
- File grievance with stock exchange if needed
Allotment Confusion:
- Cross-verify on multiple platforms before concluding
- Check your demat account statement directly
- Contact BigShare customer service with specific details
The Bottom Line
IPO allotment checking doesn’t need to be stressful. BigShare has streamlined the process considerably, and their status-checking system is generally reliable. The key is understanding the timeline, using the right resources, and avoiding common mistakes that can invalidate your application.
Remember: getting an IPO allotment is still largely a lottery. Focus on applying correctly rather than trying to game a system that’s designed to be fair. The companies worth investing in will eventually trade on the secondary market anyway.
Most importantly, don’t let IPO FOMO drive your investment decisions. Missing out on one hot IPO isn’t the end of your investing journey—it’s just the beginning of building a diversified portfolio that will serve you well in the long run.
The next time you’re checking your BigShare IPO allotment status, remember that whether you get shares or not, you’re participating in one of the most democratic wealth-creation mechanisms available to retail investors. That’s pretty remarkable, even if the waiting game is nerve-wracking.